CORe Exam Dumps | The price of raw materials for a critical product is highly volatile. The supplier will not commit to

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HBX.CORE.v2024-09-27.q132
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Question 54/132

The price of raw materials for a critical product is highly volatile. The supplier will not commit to long-term pricing due to the dramatic swings of raw material price. In this situation, the buying organization should

A. find another supplier for the product who can propose a method to manage volatility

B. source the material itself to get better pricing directly from the raw material manufacturer

C. demand that the supplier maintain pricing for a longer period of time to mitigate the raw material price swings

D. allow the supplier to change pricing on a fixed schedule based on a price index with a maximum allowable change

Correct Answer: D

In the context of highly volatile raw material prices, the buying organization should D. allow the supplier to change pricing on a fixed schedule based on a price index with a maximum allowable change. This approach allows for a structured and predictable method of adjusting prices in response to market conditions, while also setting a cap on the maximum change to protect the buying organization from extreme price fluctuations123.

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